Thomas And Carol Cracchiolo Foundation is located in St Clair Shores, MI. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas And Carol Cracchiolo Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Thomas And Carol Cracchiolo Foundation generated $884.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas And Carol Cracchiolo Foundation has awarded 588 individual grants totaling $7,010,822. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $263,437 |
Interest on Savings | $1,629 |
Dividends & Interest | $443,513 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $176,124 |
Capital Gain Net Income | $272,903 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $884,703 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $2,675 |
Depreciation | $341 |
Occupancy | $13,230 |
Travel, conferences, and meetings | $2,750 |
Printing and publications | $0 |
Other expenses | $3,164 |
Total operating and administrative expenses | $77,095 |
Contributions, gifts, grants paid | $1,252,041 |
Total expenses and disbursements | $1,329,136 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $114,419 |
Savings and temporary cash investments | $397,928 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $4,318,227 |
Net Land, buildings, and equipment | $0 |
Other assets | $653 |
Total assets | $17,628,995 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Over the last fiscal year, Thomas And Carol Cracchiolo Foundation has awarded $1,252,041 in support to 54 organizations.
Grant Recipient | Amount |
---|---|
ALTERNATIVE FOR GIRLS PURPOSE: LITTLE DREAMERS AND PREVENTION PROGRAM | $170,000 |
ALTERNATIVE FOR GIRLS PURPOSE: OPERATING FUND | $10,000 |
ANGELS' PLACE PURPOSE: OPERATING FUND | $10,000 |
BEAUMONT HEALTH FOUNDATION PURPOSE: OPERATING FUND | $1,000 |
ASCENSION ST JOHN FOUNDATION PURPOSE: OPERATING FUND | $5,000 |
AUSTIN CATHOLIC HIGH SCHOOL PURPOSE: CAPITAL CAMPAIGN | $25,000 |